Volvo does not build many cars like the Volvo L340 with 3670 cc ED I6, built from 1950 to 1956 at the height of the post-war boom.
What is underneath
Under the skin sits 3670 cc ED I6. Kerb weight is 5200 kg. The gearbox is a 4 speed non-syncro manual. The wheelbase is 3.5-3.9 m. These are manufacturer figures carried by Wikipedia and Wikidata, not road-test measurements.
Its place in the line
Where it sits in Volvo's history is not in doubt: the Volvo Sharpnose came before it; the Volvo Snabbe followed it. On a showroom list of its day it stood against the Toyota Land Cruiser, the Chevrolet Bel Air, the Porsche 356. Nearby in the Volvo catalogue sit the Volvo 144 and the Volvo 264 TE.
The money
MotorJury scores cars on the United States complaint and recall record, and the Volvo L340 has none: too old, too rare, or never sold there. Its value today is a collector's question, decided by provenance and condition rather than by a class average.